In the competitive business world, corporations face a barrage of problems that are waiting to be solved. Some of them are finance related and others are related to business operations that involve social issues. I hold the view that a company should not only have the ability to make a profit but also champion social responsibilities.
Corporations that place an emphasis on corporate social responsibility typically have an easier experience when dealing with government regulators. On the contrary, businesses that demonstrate a reckless disregard in social responsibility often find themselves staving off various investigations and probes, usually viewed as socially irresponsible along with senior management. The more positive the public perception is that a corporation takes social responsibility seriously, the less likely it is that activist groups will stage a spate of protests to demand government inquiries against it. This is the sound reason that companies should take social responsibility into account.
Having been recognized by customers that the company is part of the socially responsible strategy, the company’s revenue will be boosted. Some customers are willing to pay more for a product if they know a portion of the profit is going to worthy causes. What is more, if a company is active in local community such as providing lending services at low interest rate to low-income families, the company will be viewed positively by the community and potentially increase the company’s profit.
To conclude, the benefit for a financially sound company with a sense of social responsibility can be far and wide, including a positive image, and improved sales.
In the competitive business world, corporations face a barrage of problems that are waiting to
be solved
.
Some
of them are finance related
and others
are related
to business operations that involve
social
issues. I hold the view that a
company
should not
only
have the ability to
make
a profit
but
also
champion
social
responsibilities.
Corporations that place an emphasis on corporate
social
responsibility
typically
have an easier experience when dealing with
government
regulators.
On the contrary
, businesses that demonstrate a reckless disregard in
social
responsibility
often
find themselves staving off various investigations and probes,
usually
viewed as
socially
irresponsible along with senior management. The more
positive
the public perception is that a corporation takes
social
responsibility
seriously
, the less likely it is that activist groups will stage a spate of protests to demand
government
inquiries against it. This is the sound reason that
companies
should take
social
responsibility
into account.
Having
been recognized
by customers that the
company
is part of the
socially
responsible strategy, the
company’s
revenue will
be boosted
.
Some
customers are willing to pay more for a product if they know a portion of the profit is going to worthy causes.
What is more
, if a
company
is active in local community such as providing lending services at low interest rate to low-income families, the
company
will
be viewed
positively
by the community and
potentially
increase the
company’s
profit.
To conclude
, the benefit for a
financially
sound
company
with a sense of
social
responsibility
can be far and wide, including a
positive
image, and
improved
sales.
7Linking words, meeting the goal of 7 or more
20Repeated words, meeting the goal of 3 or fewer
0Mistakes